Words with Friends Co-Founder raises $46M to launch Web3 game franchise
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Tuesday, June 14, 2022
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MCKINNEY, Texas, June 14, 2022 /PRNewswire/ -- Today, Playful Studios, creator of the Lucky's Tale game series and Creativerse, is proud to announce the formation of a new subsidiary, The Wildcard Alliance, Inc., focused on the development of breakthrough interactive entertainment on the emerging frontier of Web3 technology. The Wildcard Alliance has successfully raised $46M in a Series A led by Paradigm, a firm known for backing disruptive crypto and Web3 companies and protocols, with additional support from Griffin Gaming Partners and Sabrina Hahn.
Key Points:
- The game is the brainchild of Paul Bettner, veteran video game developer renowned for developing games including Age of Empires, early VR hit Lucky's Tale as well as co-creating the wildly popular, "Words with Friends".
- With a penchant for exploring and harnessing new technology, Bettner is now entering the world of Web3 gaming, intending to create an engaging game franchise with fun at its core.
- "Despite this opportunity, the current focus of Web3 game development tends to be on finance over fun, economy over engagement, currency over community.
- Paradigm's investment in The Wildcard Alliance underscores a shared belief that interactive entertainment will be a primary driver of growth in Web3.